Post Utme Bsu 2020 Accounting Question 32

Practice objective / multiple choice question 32 from the 2020 Post Utme Bsu Accounting examination.

Post Utme Bsu 2020 Accounting Objective / Multiple Choice
Question 32 POST_UTME_BSU • 2020 • ACCOUNTING • objective

A government agency received a grant of ₦5,000,000 for a project. The grant was received on January 1, 2020, and the project was completed on December 31, 2020. Calculate the amount of the grant that should be recognized as revenue for the year 2020.

Answer Options

A. ₦4,000,000
B. ₦4,500,000
Correct Answer C. ₦5,000,000
D. ₦5,500,000
Correct Answer
C
Correct Option:
₦5,000,000

About This Question

This is Post Utme Bsu 2020 Accounting Question 32. It is one of the objective questions from the 2020 Post Utme Bsu Accounting examination.

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